The USDollar index seemed to soften in the past week, also due to an unwinding incipit of the short Yen trade. However, the DXY chart seems to have shaped a bullish cup & handle pattern that should consolidate on the support area, DXY 103.75. The next risk-off stock market correction could see a further strengthening of the USDollar Index up to DXY 115.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.